Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%

Price spread now: Bybit against Injective+0.192%88s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.192% dearer against Injective than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLFI/USDC PERP	0.05716	0.0033	pay 0.0004% / 1h	3m 52s	$6K	$77K	5.5x
Short	Bybit WLFIUSDT	0.05727	0.0100	get 0.0050% / 4h	3m 52s	$20.8M	$17.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee BybitbpOrdersPrice spread, now +0.192%Rate

Funding earned: $14
Price spread: +0.192% → 0.000%: $19.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $22.22
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.87 bp	10.6 bp −$11	30.2 bp −$302	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WLFI on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WLFIUSD	−0.0435%	1h	0.05733	+0.294%	$73K	$50K	20x	as long as short
Aster WLFIUSDT	−0.0056%	4h	0.05732	+0.279%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05730	+0.247%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+5.762%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05735	+0.332%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05732	+0.279%	$313	—	150x	as long as short
Injective WLFI/USDC PERPlong	+0.0033%	1h	0.05716	long leg	$6K	$77K	5.5x
Lighter WLFI	+0.0064%	1h	0.05727	+0.192%	$967K	$395K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0078%	8h	0.05736	+0.343%	$2K	$108	5x	as long as short
01 Exchange WLFIUSD	+0.0096%	1h	0.05734	+0.315%	$4K	$319	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05731	+0.262%	$79K	$26K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05731	+0.261%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05731	+0.254%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05735	+0.325%	$137.3M	$40.2M	75x	as long as short
Bybit WLFIUSDTshort	+0.0100%	4h	0.05727	+0.192%	$20.8M	$17.7M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05729	+0.227%	$7.5M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05735	+0.339%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05731	+0.262%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05733	+0.297%	$14.5M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05733	+0.297%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05731	+0.262%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05730	+0.245%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05734	+0.315%	$238K	$28K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05715	−0.022%	$443K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05728	+0.213%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05730	+0.245%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.420%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05735	+0.332%	$102	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05730	+0.239%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.299%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05722	+0.105%	$4.7M	$77K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	+0.367%	$32K	$16K	50x	as long as short